Global News
CARET, the leading provider of SaaS practice management and integrated payment technology for midsize law firms, announced today the sale of its enterprise document automation and assembly business, HotDocs, to Mitratech, a global technology leader for legal, risk, and HR teams.
HotDocs has grown into the global industry-leading provider of document automation and assembly solutions to the world’s largest law firms, banking, and financial institutions, including a large amount of the AM Law 200.
“We are proud to have established HotDocs as the category leader of simplifying complex document creation for large enterprises,” shares Keri Gohman, CARET CEO. “Mitratech, with a similar global customer footprint of major law firms and corporations, will be an ideal home for HotDocs to achieve its next phase of growth.”
CARET will retain the exclusive legal practice management integration with HotDocs through its comprehensive cloud-based CARET Legal platform.
This strategic sale enables CARET to double down on serving the evolving needs of midsize law firms with modern and user-friendly solutions designed to enhance the business of law. The company will accelerate investment in AI capabilities to transform firm efficiency.
“Technology has always been the great enabler, allowing organizations to punch well above their weight,” says Gohman. “That has never been more evident than it is today as firms look for solutions to better compete in a marketplace undergoing a significant transformation.”
The company’s robust portfolio of on-premise and SaaS legal practice management platforms and private cloud solutions provide a natural continuum as firms increasingly look to the cloud as their preferred technology for the future.
Copyright © 2023 Legal IT Professionals. All Rights Reserved.
We offer organizers of legal IT seminars, events and conferences a unique marketing and promotion opportunity. Legal IT Professionals has been selected official media partner for many events.
